iA Financial (TSE:IAG) Price Target Raised to C$126.00 at Scotiabank

iA Financial (TSE:IAG - Free Report) had its target price hoisted by Scotiabank from C$110.00 to C$126.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on the stock. National Bank Financial lowered shares of iA Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their target price on shares of iA Financial from C$102.00 to C$105.00 and gave the company a "moderate buy" rating in a research report on Thursday, August 8th. TD Securities boosted their price target on shares of iA Financial from C$110.00 to C$114.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. BMO Capital Markets boosted their price target on shares of iA Financial from C$102.00 to C$111.00 in a research report on Thursday, August 8th. Finally, CIBC boosted their price target on shares of iA Financial from C$106.00 to C$120.00 and gave the stock an "outperform" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$111.00.

iA Financial Stock Performance

IAG stock traded up C$0.79 during midday trading on Wednesday, hitting C$115.34. 315,099 shares of the stock traded hands, compared to its average volume of 282,045. iA Financial has a 1-year low of C$79.39 and a 1-year high of C$119.25. The company has a debt-to-equity ratio of 46.39, a current ratio of 2.22 and a quick ratio of 0.17. The stock's fifty day simple moving average is C$109.49 and its 200-day simple moving average is C$95.51. The firm has a market cap of C$10.97 billion, a P/E ratio of 15.44, a PEG ratio of 1.26 and a beta of 1.13.

iA Financial (TSE:IAG - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$2.75 earnings per share for the quarter, beating analysts' consensus estimates of C$2.58 by C$0.17. iA Financial had a net margin of 9.02% and a return on equity of 10.51%. The company had revenue of C$1.64 billion during the quarter. On average, analysts expect that iA Financial will post 11.6187564 earnings per share for the current year.

iA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 23rd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Friday, August 23rd. iA Financial's dividend payout ratio (DPR) is 43.91%.

iA Financial Company Profile

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.